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Condo glut weighs on home prices

The Freeman

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October 21, 2025

Sluggish demand and oversupply of condominium units in the market have dampened the growth in prices of residential properties in the National Capital Region (NCR), analysts said, which could persist until yearend as the glut remains.

Joey Roi H. Bondoc, director and head of research at Colliers Philippines, said weak demand for condominium units in the middle-income segment led to the slow growth of housing prices in NCR.

“I think we will attribute that to (the) slower take-up of unsold condominium units in the secondary, ready-for-occupancy (RFO) market,” he told BusinessWorld in a phone interview.

He said about 31,000 condominium units remain unsold in the RFO market, with nearly 60% under the mid-income segment or those worth P3.6 million to P12 million per unit.

The Freeman से और कहानियाँ

The Freeman

Mandaue City Jail extends visiting hours during holidays

Persons Deprived of Liberty (PDLs) in Mandaue City will be able to spend more time with their families and loved ones during the Christmas and New Year holidays, as the Bureau of Jail Management and Penology (BJMP) in Mandaue opens its facilities to extended visitation.

time to read

2 mins

December 24, 2025

The Freeman

DOF flags softer BIR, BOC revenues

Revenue collection of the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) has been \"softer\" than the projected yield of the national government, according to the Department of Finance, which cited extraordinary circumstances following the probe into the flood control issue.

time to read

1 mins

December 24, 2025

The Freeman

The Freeman

Cebuanos shine brightly at 33rd SEA Games

Cebuano athletes and coaches made valuable contributions to Team Philippines in the recently concluded 33rd Southeast Asian (SEA) Games in Thailand, delivering historic firsts and decisive victories in various fronts.

time to read

2 mins

December 24, 2025

The Freeman

Spending Christmas with the farmers in Langin

I gave my children and grandchildren a choice between spending Christmas in the U.S. or celebrating the birth of Jesus in the far-flung mountain village in Langin, Ronda, Cebu.

time to read

3 mins

December 24, 2025

The Freeman

LTFRB vows crackdown vs falsified documents

The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a warning to public utility vehicle (PUV) drivers and operators against the use of falsified documents.

time to read

2 mins

December 24, 2025

The Freeman

FLI shuts down Filinvest Lifemalls Mimosa

Filinvest Land Inc. (FLI), the property arm of the Gotianun family, is shutting down its wholly owned subsidiary, Filinvest Lifemalls Mimosa Inc. (FLMI), in line with efforts to enhance operational efficiency.

time to read

1 mins

December 24, 2025

The Freeman

Phl joins WTO e-commerce deal

The Philippines announced its deciasion to accept the stabilized text of the trade Agreement on Electronic Commerce and join its cosponsors, making the country the 72nd cosponsor of the initiative.

time to read

2 mins

December 24, 2025

The Freeman

MCIA positions Cebu as key hub

FOR ISLAND TOURISM

time to read

2 mins

December 24, 2025

The Freeman

370 'Tino' survivors to spend Christmas in evac centers

As Christmas lights flicker across neighborhoods, several hundred survivors of Typhoon Tino in Cebu City remain under the fluorescent glow of barangay gyms, their holiday marked not by festivity but by resilience.

time to read

2 mins

December 24, 2025

The Freeman

EVs pushed for priority in taxi franchise renewal

Cebu City Mayor Nestor Archival has formally urged transport regulators to prioritize electric vehicles (EVs) in taxi franchise renewals while expressing openness to a moratorium on the entry of new fleet units to ease congestion.

time to read

1 mins

December 24, 2025

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